EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #2430 (permalink)

SF, CA/USA
 
Trading Experience: Beginner
Platform: SC
Broker/Data: Stage 5
Favorite Futures: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,330 since Jun 2014
Thanks: 4,179 given, 2,372 received

After that trend down week 3 weeks ago now, market has been in a tightening range with an upward bias. Last week's high, low, and VPOC are above those from 2 weeks ago.

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For me, there's no trade here. Can go in either direction at anytime. One high probabiltity trade would be to fade last week's high and low for a scalp.

1. You don't know the future.
2. Anything can happen in the market, including:
-market stops you out and keeps going to unimaginable levels
-market stops you out and reverses direction to hit your initial target
-market hits your target and keeps going to unimaginable levels
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